Step 3 – Research the Neighborhood

After hiring a Realtor and securing your financing, begin researching the type of neighborhood where you want to buy your home. Your licensed Realtor can assist with this process by providing you with a comprehensive report that includes information about who lives in the area (demographics) and private and public schools along with comparisons to similar neighborhoods in Colorado. Realtors can also provide insight about the area climate, crime rates, insurance costs and commute times to stores and other services.

Once you have narrowed down the specific area where you would like to invest, consider what is important to you and your family. Do you rely on public transit? Would you like to be able to walk to a store, or do you prefer a residential-only area? Are you looking for a neighborhood that is filled with young families or mature empty-nesters? Many homebuyers find that making a list of these priorities helps them focus on exactly what type of home they want to buy, simplifying the buying process.